TY - GEN
T1 - Analysis of Stackelberg Leadership Model Output Behavior under the Mechanism of Expanding Market Price
AU - Lin, Tyrone T.
AU - Hsu, Shu Yen
AU - Chang, Chiao Chen
N1 - Publisher Copyright:
© 2018 IEEE.
PY - 2019/1/9
Y1 - 2019/1/9
N2 - This study explores the competitive mechanism of firms in a duopolistic market and constructs a model of duopolistic firms' optimal output and maximum profit according to the Stackelberg Leadership Model. By taking Taiwan's dairy market as an example, the paper analyzes how the leading firm, in the state of full information disclosure, makes decision analysis to determines its output strategy according to the reaction function of the follower firm. At the same time, the output strategy of the follower firm is determined according to the output strategies of the leading firm. The action of the firms has sequence, and through the dynamic cycle process to achieve the market equilibrium and to maximize the oligopolistic firm profit.
AB - This study explores the competitive mechanism of firms in a duopolistic market and constructs a model of duopolistic firms' optimal output and maximum profit according to the Stackelberg Leadership Model. By taking Taiwan's dairy market as an example, the paper analyzes how the leading firm, in the state of full information disclosure, makes decision analysis to determines its output strategy according to the reaction function of the follower firm. At the same time, the output strategy of the follower firm is determined according to the output strategies of the leading firm. The action of the firms has sequence, and through the dynamic cycle process to achieve the market equilibrium and to maximize the oligopolistic firm profit.
KW - decision analysis
KW - Oligopoly market
KW - optimal productivity
KW - Stackelberg leadership model
UR - http://www.scopus.com/inward/record.url?scp=85061822859&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85061822859&partnerID=8YFLogxK
U2 - 10.1109/IEEM.2018.8607624
DO - 10.1109/IEEM.2018.8607624
M3 - Conference contribution
AN - SCOPUS:85061822859
SN - 9781538667866
T3 - IEEE International Conference on Industrial Engineering and Engineering Management
SP - 1603
EP - 1607
BT - 2018 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2018
PB - IEEE Computer Society
T2 - 2018 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2018
Y2 - 16 December 2018 through 19 December 2018
ER -